Economy

US Oil-Rig Count Falls by Seven

Royal Bank Of Canada reaffirmed a "buy" rating and set a $72.00 target price on shares of Baker Hughes A GE in a research note on Friday, May 26th. Analysts set a 12-month price target of $38.96 a share. Argus began coverage on shares of Baker Hughes, a GE company Class A in a research report on Sunday, August 27th. They issued a "buy" rating on the stock. The share price is now down -7.27% for the past three months. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have assigned a buy rating to the stock. Baker Hughes, a GE company Class A has a consensus rating of "Hold" and a consensus target price of $45.55. BMO Capital Markets reiterated a "hold" rating and issued a $65.00 price target on shares of Baker Hughes A GE in a report on Thursday, June 22nd.

Baker Hughes, a GE company (NYSE:BHGE) share price increased in the last trading session with a previous 52-week high of $47.78. The stock now has a Market Cap of $11.48B. The share price has moved forward from its 20 days moving average, trading at a distance of 7.18% and stays 3.55% away from its 50 days moving average.

Baker Hughes data showed the oil rig count decreased by seven week over week to 749, while the natural gas rig count fell by one to 186. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 0.21 earnings per share.

Baker Hughes A GE Co (BHI) traded up 5.82% during mid-day trading on Friday, reaching $57.68. During the same quarter a year ago, the company earned ($0.90) EPS. The company had a trading volume of 4,124,512 shares.

COPYRIGHT VIOLATION WARNING: This article was originally reported by Week Herald and is the sole property of of Week Herald. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and worldwide trademark and copyright legislation. The original version of this news story can be read at https://stocknewstimes.com/2017/09/15/principal-financial-group-inc-has-35-28-million-holdings-in-baker-hughes-a-ge-co-bhi.html. Its last month's stock price volatility remained 2.9% which for the week stands at 2.4%. The stock was purchased at an average price of $35.24 per share, for a total transaction of $98,707.24. Riverhead Capital Management LLC now owns 96,546 shares of the oilfield services provider's stock worth $5,263,000 after buying an additional 27,696 shares during the period. The stock spiked 6.03% last month and is down -19.62 this year. Winslow Evans & Crocker Inc. now owns 1,880 shares of the oilfield services provider's stock valued at $103,000 after buying an additional 138 shares during the last quarter. Symphony Asset Management LLC boosted its stake in Baker Hughes A GE by 59.1% during the second quarter. Stephens Investment Management Group LLC boosted its stake in Baker Hughes A GE by 0.3% during the second quarter.

Over the past five trading sessions shares of Foot Locker, Inc. Tudor Investment Corp ET AL acquired a new stake in shares of Baker Hughes, a GE company Class A during the 2nd quarter worth approximately $959,000.



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